Kingsview Wealth Management LLC Boosts Stake in Vistra Corp. (NYSE:VST)

Kingsview Wealth Management LLC lifted its stake in Vistra Corp. (NYSE:VST - Free Report) by 184.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,900 shares of the company's stock after purchasing an additional 6,422 shares during the quarter. Kingsview Wealth Management LLC's holdings in Vistra were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. HM Payson & Co. lifted its holdings in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares during the period. Tucker Asset Management LLC bought a new position in Vistra in the 4th quarter worth $28,000. Ameriflex Group Inc. bought a new position in Vistra in the 4th quarter worth $32,000. Whittier Trust Co. raised its holdings in Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after purchasing an additional 274 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth $46,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 0.4%

Shares of NYSE VST traded up $0.76 during midday trading on Tuesday, hitting $188.99. The company's stock had a trading volume of 4,123,579 shares, compared to its average volume of 7,095,643. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The business's 50 day moving average is $175.48 and its two-hundred day moving average is $152.72. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $201.65. The firm has a market cap of $64.13 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.48%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley raised their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. UBS Group raised their price target on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.